Production Budget Assume that Stillwater Designs produces two automotive subwoofers: S1217 and S1215. The S1217 sells for $475, and the S1215 sells for $300. Projected sales (number of speakers) for the coming five quarters are as follows: S12L7 1,160 3,190 8,120 6,670 1,305 S1215 1,885 2,030 7,685 5,655 1,740 First quarter, 20Y1 Second quarter, 20Y1 Third quarter, 20Y1 Fourth quarter, 20Y1 First quarter, 20Y2 The vice president of sales believes that the projected sales are realistic and can be achieved by the company Stillwater Designs needs a production budget for each product (representing the amount that must be outsourced to manufacturers located in Asia). Beginning inventory of S12L7 for the first quarter of 20Y1 was 340 boxes. The company's policy is to have 20% of the next quarter's sales of S12L7 in ending inventory. Beginning inventory of S12L5 was 170 boxes. The company's policy is to have 30% of the next quarter's sales of $12L5 in ending inventory Required Prepare a production budget for each quarter for 20Y1 and for the year in total. Stillwater Designs Production Budnot far Prepare a production budget for each quarter for 20Y1 and for the year in total. Stillwater Designs Production Budget for S1217 For the Year Ended December 31, 20Y1 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year 1.160 3.190 8.1206.67019,140 Sales Desired ending inventory 110,200 X Total needs Less: Beginning inventory 340 408] x [ ] Units produced Feedback Check My work Partially correct Prepare a production budget for each quarter for 20Y1 and for the year in total. If required, round your answers to nearest whole value. Stillwater Designs Production Budget for $1215 For the Year Ended December 31, 20Y1 1st Otr 2nd Qtr 3rd Qtr. 4th Qtr Year Sales eck My Work epare a production budget for each quarter for 20Y1 and for the year in total. If required, round your answers to nearest whole value. Stillwater Designs Production Budget for S1215 For the Year Ended December 31, 20Y1 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Sales 1,88s lvl 2,030|V | 7,685|V 5,655 |V | 1125s lv O X Desired ending inventory Total needs Less: Beginning inventory